The Trade Notice amends the Interest Equalisation Scheme (IES) by introducing caps on the annual net...

The Trade Notice amends the Interest Equalisation Scheme (IES) by introducing caps on the annual net subvention amount per IEC. For the financial year starting 01.04.2024, the cap is Rs. 10 crore per IEC, with a lower cap of Rs. 5 crore for MSME Manufacturers until 30.09.2024. Additionally, for Manufacturer Exporters and Merchant Exporters, the cap is Rs. 2.5 crore until 30.06.2024. The amendments aim to rationalize the scheme and were approved by the Competent Authority. .....

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